Envestnet Asset Management Inc. Sells 157,922 Shares of The TJX Companies, Inc. (NYSE:TJX)

Envestnet Asset Management Inc. cut its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 4.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,746,683 shares of the apparel and home fashions retailer's stock after selling 157,922 shares during the quarter. Envestnet Asset Management Inc. owned about 0.34% of TJX Companies worth $456,346,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in TJX. Norges Bank bought a new stake in TJX Companies in the 4th quarter valued at $1,670,565,000. GAMMA Investing LLC raised its holdings in TJX Companies by 14,486.1% in the 1st quarter. GAMMA Investing LLC now owns 2,912,116 shares of the apparel and home fashions retailer's stock valued at $354,696,000 after acquiring an additional 2,892,151 shares in the last quarter. Capital Research Global Investors raised its holdings in TJX Companies by 689.6% in the 4th quarter. Capital Research Global Investors now owns 2,595,085 shares of the apparel and home fashions retailer's stock valued at $313,512,000 after acquiring an additional 2,266,415 shares in the last quarter. Northern Trust Corp raised its holdings in TJX Companies by 15.2% in the 4th quarter. Northern Trust Corp now owns 13,985,826 shares of the apparel and home fashions retailer's stock valued at $1,689,628,000 after acquiring an additional 1,845,225 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in TJX Companies by 12.9% in the 4th quarter. Royal Bank of Canada now owns 12,300,919 shares of the apparel and home fashions retailer's stock valued at $1,486,074,000 after acquiring an additional 1,403,561 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors.

Insider Activity at TJX Companies

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the company's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total value of $121,685.50. Following the sale, the director owned 22,712 shares in the company, valued at approximately $2,909,180.08. The trade was a 4.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.13% of the company's stock.

TJX Companies Price Performance

TJX traded up $0.35 on Wednesday, reaching $125.61. The stock had a trading volume of 3,817,986 shares, compared to its average volume of 5,196,921. The TJX Companies, Inc. has a fifty-two week low of $107.71 and a fifty-two week high of $135.85. The firm has a 50-day moving average of $127.00 and a 200-day moving average of $124.11. The company has a current ratio of 1.16, a quick ratio of 0.51 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $140.32 billion, a price-to-earnings ratio of 29.56, a price-to-earnings-growth ratio of 2.92 and a beta of 0.88.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The firm had revenue of $13.11 billion for the quarter, compared to analyst estimates of $13.01 billion. During the same quarter in the previous year, the company posted $0.93 EPS. The business's revenue was up 5.1% on a year-over-year basis. As a group, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be given a $0.425 dividend. The ex-dividend date is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.35%. TJX Companies's dividend payout ratio (DPR) is presently 40.00%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Barclays reaffirmed an "overweight" rating and issued a $147.00 price objective (up from $137.00) on shares of TJX Companies in a report on Thursday, May 22nd. Cowen reaffirmed a "buy" rating on shares of TJX Companies in a report on Tuesday, May 20th. Morgan Stanley set a $140.00 price objective on TJX Companies and gave the company an "overweight" rating in a report on Thursday, May 22nd. Telsey Advisory Group reissued an "outperform" rating and set a $145.00 price target on shares of TJX Companies in a report on Wednesday, May 21st. Finally, Loop Capital set a $150.00 price target on TJX Companies and gave the stock a "buy" rating in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, TJX Companies currently has an average rating of "Buy" and an average price target of $141.06.

TJX Companies Company Profile

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, and gourmet food departments; jewelry and accessories; and other merchandise.